S&W Seed Company - SANW STOCK NEWS

S&W Seed Company (Nasdaq: SANW) reported its financial results for Q2 FY2021, showing Core Revenue of $11.0 million, up 20% year-over-year, while Total Revenue reached $15.1 million, an increase from $12.4 million in Q2 FY2020. The company is optimistic, raising its revenue outlook with Core Revenue anticipated between $78 to $81 million for FY2021. However, net loss widened to $(8.5 million) or $(0.25 per share), compared to $(6.7 million) in the same quarter last year.

S&W Seed Company (Nasdaq: SANW) will release its financial results for the second quarter of fiscal year 2021, ending December 31, 2020, on February 11, 2021, before market open. A conference call is scheduled for the same day at 11:00 am ET to discuss the results. Interested parties can join the call by phone or via a live webcast on the company's investor relations website. The company focuses on seed genetics, production, and marketing of forage and specialty crops, aiming to meet the global demand for animal proteins and healthier consumer diets.

S&W Seed Company (Nasdaq: SANW) announced the sale of its California seed processing facility for $2.25 million, consolidating U.S. alfalfa seed production to facilities in Nampa, Idaho and New Deal, Texas. The move is expected to yield annual cost savings of approximately $1 million and improve gross margins. The sale will also allow the company to pay off long-term debt associated with the facility, resulting in a one-time gain of about $1.25 million. This consolidation aligns with S&W's strategy to enhance cost efficiency and strengthen its capital structure.

S&W Seed Company (Nasdaq: SANW) announced advancements in its seed trait technology development and commercialization. Key products include Double Team™ Sorghum, Improved Quality Alfalfa, and Dhurrin-Free Sorghum, with launches planned between 2021 and 2023. The company expects over 50% of gross profit to derive from these new tech products in the next decade, projecting FY 2024 revenue of $130 million and adjusted EBITDA of $13 million. Market surveys indicate strong adoption potential among growers, especially for the sorghum product.

S&W Seed Company (Nasdaq: SANW) reported Q1 fiscal 2021 results with Core Revenue of $12.2 million, a 35.8% increase from $9.0 million in Q1 fiscal 2020. Total revenue rose to $13.9 million, compared to $12.3 million in the prior year. However, GAAP gross margins decreased to 12.9% from 25.1%, while GAAP net loss widened to $(7.2) million versus $(4.9) million a year earlier. The company maintains its guidance of Core Revenue between $73-79 million for fiscal 2021, expecting growth driven by their sorghum business and recent investments.

S&W Seed Company (Nasdaq: SANW) will announce its financial results for the first quarter of fiscal year 2021, which ended on September 30, 2020, on November 11, 2020. A conference call is scheduled for the same day at 11:00 am ET to discuss these results. S&W Seed Company, based in Longmont, Colorado, specializes in seed genetics and is a leader in proprietary alfalfa, sorghum, and pasture seeds, also producing hybrid sunflower and wheat.

S&W Seed Company (Nasdaq: SANW) will present at the October 2020 Lytham Partners Virtual Investor Growth Conference on October 6, 2020, at 12:00 PM ET. The event will be accessible via webcast on S&W's investor relations website. Management will also hold one-on-one meetings with investors, for which interested parties can contact Robert Blum at Lytham Partners. Founded in 1980 and headquartered in Longmont, Colorado, S&W specializes in seed genetics and offers a variety of products, including proprietary alfalfa and sorghum seeds.

S&W Seed Company (NASDAQ: SANW) reported a fiscal 2020 Core Revenue of $59.9 million, marking a 58% increase from $37.9 million in 2019. Excluding contributions from recent acquisition Pasture Genetics, growth was 27%. Total revenue fell to $79.6 million from $109.7 million in the previous year. The GAAP net loss widened to $(19.7) million, or $(0.59) per share. For fiscal 2021, S&W expects Core Revenue between $73 million and $79 million, indicating growth of 22% to 32%.

S&W Seed Company (NASDAQ: SANW) will announce its financial results for the fourth quarter and fiscal year 2020, ending June 30, 2020, on September 23, 2020, before market open. The company will host a conference call on the same day at 11:00 am ET to discuss the results. Interested parties can access the call via phone or through a live webcast on the investor relations section of their website. A replay will be available for three days after the call. S&W Seed Company is a leader in seed genetics, production, and marketing.